Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.039%

Price spread now: Bybit against tradeXYZ+0.059%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.059%, 7d avg +0.099%

Together, before fees+0.013%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.040% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.099%). If the spread goes back, that is −$4 on $10k: about 4.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.013% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.49	0.0050	pay 0.0006% / 1h	9m 27s	$98.2M	$21.3M	20x
Short	Bybit GOOGLUSDT	357.70	0.0078	get 0.0078% / 8h	9m 27s	$11.5M	$7.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $5.86
Price spread: +0.059% → +0.099%: −$4.03
Slippage, 4 orders: −$7.38
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.55
Costs to cover: 0.364%
Break-even: 48.3 days

Slippage from tradeXYZ: live order book, 10 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 10 min ago	0.42 bp	9.9 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.28 bp	7.9 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.112%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.50	+0.002%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.67	+0.050%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	+0.028%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.081%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.056%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.069%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.067%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	+0.006%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.095%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.77	+0.078%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.79	+0.084%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.64	+0.042%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.59	+0.029%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.68	+0.053%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.031%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.103%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.58	+0.025%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.003%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0041%	8h	357.16	−0.092%	$3.0M	$108K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.084%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.48	−0.003%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.49	long leg	$98.2M	$21.3M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.42	−0.020%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	+0.011%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.025%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.63	+0.038%	$293	$253	5x	as long as short
Bybit GOOGLUSDTshort	+0.0078%	8h	357.70	+0.059%	$11.5M	$7.8M	100x
Pacifica GOOGL	+0.0100%	1h	357.43	−0.017%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	+0.017%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	+0.031%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.67	+0.050%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	+0.028%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.69	+0.057%	$209K	$1.2M	10x	as long as short